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MTR Foods owner Orkla files draft papers for IPO
Mint Bangalore
|June 12, 2025
The IPO will consist solely of an offer-for-sale of 22.8 mn shares by promoter entity, others
Orkla India, the parent company of food brands like MTR Foods and Eastern Condiments, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), which will consist solely of an offer-for-sale (OFS) of 22.8 million shares by the promoter entity, Orkla Asia Pacific Pte and other shareholders, Navas Meeran and Feroz Meeran.
This means that the IPO will not raise any fresh capital for Orkla India and all proceeds from the share sale will go only to the selling shareholders.
While the company has not officially disclosed the issue size, a person with direct knowledge of the matter said it could be in the range of ₹3,200-3,500 crore. Orkla India declined to comment on the projected issue size.
Orkla Asia Pacific Pte Ltd and Norwegian industrial investment firm Orkla ASA—collectively hold a 90% stake in the company.
This story is from the June 12, 2025 edition of Mint Bangalore.
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